I am asking that someone assign net realizable value to CLF's assets then post the net worth of the company. I do not think there is nearly enough to pay the secured debt holders and bond holders, not to mention the unsecured. If that is true there is absolutely nothing for the common shareholders.
Take the net worth of the company, adjust the assets to net realizable value and what do you have? There is not enough money to pay the bondholders and nothing to pay the unsecured. Where does that leave the shareholders?
So why don't you short it and make a quick $6. Stop talking and start shorting. Report back to the board tomorrow after the close.
I read the report and it seems very bullish. What is not to like? Name another company that has such great prospects in this environment and has such great cash to weather any storm.
Why is that new? I have been talking to my TV since the 1970's. It doesn't do any good. But I talk to it a lot.
Maybe Apple is hiring the engineers who know how to make money. The ones Tesla keep are helping Tesla lose $4000 on every car they sell. That is one great business plan.
The only way to get anything out of AOBI is to get the Chinese government involved. And I do not know how to do that or I would.
Tell us how much earnings Amazon makes per week /quater/year. Amazon makes a $50 tablet; Apple makes $60 billion profit per year.
The very fact that China has to prop up its market is the cause of concern.
And the word swine is plural. There is no need to add a "s".
It is not due to increased debt. It is due to increased buybacks. Buybacks decrease shareholder equity but increase value per share for holders. Increasing debt or decreasing debt has no effect on stockholders equaity. Take a simple accounting class and learn something, if you have the ability.
Change your handle to stock amateur. You keep proving your status.